OTCPK:HNRC - Post Discussion
Post by
AveragePenny on May 04, 2023 10:10am
Houston Natural Resources Reports Q1 2023 Financials Period
Significant Growth Reported in Revenues, Earnings, Assets and EPS
HOUSTON, May 4, 2023 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") announced today strong results for the first quarter ending March 31, 2023.
Financial Results: Q1 2023 Ending March 31, 2023 vs Q1 2022 Ending March 31, 2022
- Total revenue for three months was $4,178,580 vs $3,562,169 increased 17%
- Total earnings for three months were $2,660,713 vs $2,011,988 increased 32%
- Total assets for the period were $92,839,255 vs $73,973,967 increased 25%
- Earnings per share (EPS) for three months was $0.03 vs $0.02 increased 50%
- The company recorded a net asset value (NAV) of $1.16 per share Q1 2023
The Company has announced that FINRA has completed the review of the company's corporate action to Spin-Off the Worldwide Diversified Holdings, Inc. (WDHI) assets. The Spin-off is for shareholders of record of April 28, 2023, and a payable date of May 26, 2023. The trading of the WDHI shares will be subject to a registration statement being approved by the SEC.
https://www.prnewswire.com/news-releases/houston-natural-resources-reports-q1-2023-financials-period-ending-march-31-2023-301815539.html
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